Brokerages Set Uber Technologies, Inc. (NYSE:UBER) Target Price at $90.32

Uber Technologies, Inc. (NYSE:UBER) has received a consensus recommendation of “Moderate Buy” from the thirty-nine research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $90.32.

A number of equities research analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Melius Research began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. Evercore ISI raised their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Loop Capital boosted their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Josh Arnold Investment Consultant LLC bought a new position in shares of Uber Technologies in the third quarter valued at about $740,000. Edgestream Partners L.P. bought a new position in shares of Uber Technologies in the third quarter worth about $760,000. L.M. Kohn & Company lifted its position in shares of Uber Technologies by 18.2% during the third quarter. L.M. Kohn & Company now owns 13,421 shares of the ride-sharing company’s stock worth $1,009,000 after purchasing an additional 2,067 shares in the last quarter. Kolinsky Wealth Management LLC grew its stake in shares of Uber Technologies by 18.0% during the third quarter. Kolinsky Wealth Management LLC now owns 8,150 shares of the ride-sharing company’s stock valued at $613,000 after purchasing an additional 1,244 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Uber Technologies by 0.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,224,623 shares of the ride-sharing company’s stock valued at $167,203,000 after purchasing an additional 6,849 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $71.44 on Tuesday. Uber Technologies has a 12 month low of $53.15 and a 12 month high of $87.00. The firm has a market capitalization of $150.43 billion, a P/E ratio of 36.11, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company’s fifty day moving average price is $75.40 and its 200 day moving average price is $71.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts predict that Uber Technologies will post 1.83 earnings per share for the current fiscal year.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.